Investors Play Waiting Game Regarding China Trade

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after investors play waiting game regarding China trade. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

U.S. stock index futures were lower Wednesday morning as market players remain focused on U.S.-China trade developments. At around 8:20 a.m. ET, Dow Jones Industrial Average futures fell 63 points, indicating a decline of more than 37 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to a lower open.

The Dow Jones index subtracted 133 points (-0.52%) to close at 25,673. The Nasdaq gave back 70 points (-0.93%) to close at 7,505.

Investors Play Waiting Game Regarding China Trade

Stocks dropped on Wednesday as investors play the waiting game regarding China trade. All 3 major averages have a 3 day losing streak. I found the following quote in the above CNBC article regarding US China trade, “Most of the big items that have driven the market over the past two months are done,” said Tom Martin, senior portfolio manager at Globalt. “The market is guessing there will be some sort of trade deal that will end the larger hostilities. “The news has people waiting; that’s what you’re seeing in the averages over the last several days,” Martin said.

Key Takeaways…

I took the following CNBC screenshots this morning regarding transports topping out, market stalling out and more room to rally:

About the authorTim Link

My goal is to provide a blog that consolidates stock market information for the average investor from at least five credible sources including stock reviews, analysis, financial news and market trends by sector.